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FXBoxOption - Exotic Options Made Simple
The OANDA FXTrade platform has been extended to include a form of options trading. The OANDA option product, called FXBoxOption is unique in that it enables OANDA clients to trade options through a well-understood graphical user interface. The simplicity of the user interface allows the every day trader to buy and sell complex structured options product that up until now was only available to super-sophisticated institutional investors in a very simple, intuitive way.
The ease of use opens a new era in options trading.
Unlike traditional options, which are typically only available for time horizons of one or more days, BoxOptions can be used to trade intra-day options with time horizons as short as 5 minutes. The OANDA FXBoxOption service empowers the trader by allowing the traders to define their own options in real-time.
OANDA FXBoxOption gives intra-day traders, access to the advantages of options trading. Unlike margin based trading, where the trader has to take potentially unlimited risk to participate on the upside, option strategies enable the trader to cap the risk. The ability to carefully control risk make a intra-day options trading attractive to short-term traders.

Learn more about FXBoxOption

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How to use FXBoxOption
  • Using your mouse, you draw a box on the screen
  • You select hit or miss to indicate whether you expect the rates to hit or miss your drawn box
  • The system informs you what the pay out is if the rate later hits/misses the box
  • You decide whether you want to invest and if so how much
  • If the rate later hits/misses your box, you get the specified payout
  • Otherwise you forfeit your investment
Features:
  • You know in advance what you pay, the maximum you can lose, and what your payout is if successful
  • Intraday time frames

Trading off-exchange foreign exchange on margin carries a high level of risk and is not suitable for all investors. Trading through an on-line platform carries additional risks. Please refer to our more detailed Risk Warning, and NFA's FOREX INVESTOR ALERT.